crop insurance News

Malaysia to Offer Crop Insurance to Strengthen Food Security

Malaysia will offer government-backed insurance plans to help compensate farmers for losses after natural disasters, as part of measures to strengthen food security. The Agro-Food Takaful Insurance Scheme will be launched through the Ministry of Agriculture and Food Industries and …

U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best

Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s Market Segment Report, …

US Farmers Battle Floods, Heat in Bid to Replenish Food Supplies

Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like Justin Sherlock and the extreme weather …

Dry Winter, Wet Spring Shrink U.S. Wheat Crop, Adding to Global Woes From War

North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Russia’s invasion of Ukraine cut grain exports and left the world short of millions of tonnes of wheat supply. Heavy rain has …

Study Finds Climate Change Could Hit U.S. Corn Belt Hard

Climate change could hit the U.S. Corn Belt especially hard, a study from Emory University finds. Without “major technological advances in agricultural practices,” the U.S. Corn Belt will be unsuitable for cultivating corn by 2100, moderate projections show. The study …

Drought Will Impact Pacific Northwest This Summer, Experts Warn

Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and southern Idaho, according to climatology and water officials. A recent map from the U.S. Drought Monitor shows that about 54% …

Insurance Technology: Zurich’s FieldView Simplifies Crop Reporting; Kinetic Adds ‘Jump Detection’ to Wearables; Beat Capital to Launch MGAs Using OneShield

Zurich’s Climate FieldView Expands Precision Crop Information for RCIS Zurich North America crop insurance business – Rural Community Insurance Services (RCIS) – has added Climate FieldView to its list of precision agriculture providers available to RCIS customers. FieldView enables farmers …

Canada Crop Land ‘Deteriorating’ as Heavy Rain Hinders Planting

Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain supplies. Virtually no seeding has been done in Manitoba as …

California Water Use Up Dramatically Amid Worsening Drought

California’s water use jumped dramatically in March, state officials said Tuesday, as one of the driest stretches on record prompted a wave of homeowners to start watering their lawns earlier than usual in defiance of Gov. Gavin Newsom’s pleas for …

Extreme Weather Threatens Global Wheat Crops – With One Notable Exception

As Russia’s invasion chokes off Ukrainian wheat exports, pushing up bread and noodle prices, the global harvest faces an added test: extreme weather. Droughts, flooding and heatwaves threaten output from the U.S. to France and India, compounding shrinking production in …